TUSK vs TYG: Correlation
Measured on weekly returns over the past three years, Mammoth Energy Services, Inc. (TUSK) and Tortoise Energy Infrastructure Corporation (TYG) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TUSK and TYG?
On 3 years of weekly data the TUSK/TYG correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.41). The 5-year figure is 0.42, and annualized covariance runs at 536.7 %².
Few assets follow TUSK as closely as TYG, which ranks #2 of 11 tracked partners. The last year tells two different stories: TUSK led by 21.1 percentage points, +35.2% for TUSK against +14.1% for TYG. Note the risk asymmetry: TUSK runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
TUSK vs TYG: side by side
| TUSK (Mammoth Energy Services, Inc.) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +35.2% | +14.1% |
| 5-year return | -7.4% | +162.5% |
| Volatility (ann.) | 61.8% | 21.2% |
| Beta vs S&P 500 | 0.49 | 0.45 |
| Max drawdown (3Y) | -66.3% | -25.1% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.00% | 11.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TUSK | TYG |
|---|---|---|
| 2022 | +375.3% | +24.2% |
| 2023 | -48.4% | -0.4% |
| 2024 | -32.7% | +60.2% |
| 2025 | -38.3% | +8.5% |
| 2026 | +70.3% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TUSK and TYG good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TUSK and TYG?
The TUSK/TYG correlation stands at 0.41 on a 3-year window (1 year: 0.28, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TYG a good diversifier for TUSK?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: TUSK correlations · TYG correlations
